Improving home value with energy efficiency
Fairfield’s Hometown Rewards Program Second Saturday workshop series continues from 1-3 p.m. Saturday at the Fairfield Public Library.
Those attending will get a sneak peek at the content of a new program, “Best Practices: Homeowner guides for improving energy and resource efficiency,” being developed by the Center on Sustainable Communities.
COSC representatives also will share insights about its recent experience in creating Iowa’s first real estate listing service to indicate a homes’ energy efficiency, ratings and certifications – fields that help sellers convey the value of their home and help buyers find the sustainable features they seek. Realtors, landlords, homeowners, and anyone interested in increasing the value of their home is encouraged to attend. The workshop is free and open to the public.
“Making the connection between energy efficiency and home value is an important factor in the green building market,” said COSC’s Siobhan Spain. “Fortunately for homeowners, this is happening more and more. We look forward to addressing return on investment and how adding green fields to real estate listing services support proper valuation.”
A study by the Appraisal Institute indicates that for every dollar of energy costs saved per year in an energy efficient home, the value of the property increases by $20. Another study by University of California Berkeley and the University of California Los Angeles found “green energy” upgrades can increase a home value up to 9 percent.
Presenters Bill McAnally of McAnally Consulting and a COSC instructor, and Paris Boehm, Realtor and COSC Green MLS programming volunteer, will share information about how proper assessment, planning, taking the house as a system approach and implementing sustainable techniques and products can ensure the greatest return on investment for energy efficiency priorities.
The workshop topics include:
• Assessment and planning resources;
• Why a house as a system approach matters;
• Quickest return-on-investment projects;
• Incentives, rebates and code requirements; and
• The real estate listing factor in the home value equation.
Fairfield’s Hometown Rewards Program Second Saturday workshop series is a partnership between the city of Fairfield, Iowa State University Extension and Outreach, Alliant Energy, KRUU 100.1 FM, KMCD-Classic 96, Hy-Vee, COSC, and the Fairfield Public Library. The workshops provide practical information about how residents can change their behaviors to save energy and money, conserve resources and reduce their carbon footprint.
Fairfield’s Hometown Rewards Program is an energy efficiency and conservation program focusing on the goals outlined in the city’s Go Green Plan. If the Fairfield community reaches targeted goals by the end of 2013, Alliant Energy will help fund solar panels on the Fairfield Public Library. By participating in the Hometown Rewards Program and attending workshops, Fairfield residents are helping the city earn those solar panels for the library.